sp'60min
VIX'60min
Summary
*server issues (sites are being migrated, how nice of my webhost not to pre-warn me), so, lets just make this an open day, and I'll likely post everything here today.
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Yesterday saw broad gains, with the sp' notably settling above the 50dma in the low 2700s.Today is set to break a new multi-week high. Cyclically, we're really over-stretched, and a cooling wave is increasingly probable. Note the lower hourly bollinger at 2644. At best, the bears might manage the 2650/40s before the weekend, but I'd acknowledge that looks a stretch.
Earnings are clearly continuing to come in broadly superb, but we're seeing sporadic instances where certain stocks are still being smacked lower, not least IBM and LRCX.
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early movers
ABX +0.5%, rising metals
AMAT -2.8%, dragged lower by LRCX
AMD +1.0%, but still broadly choppy
AMZN +1.0%, above the 50dma
BABA +0.3%
BAC +0.4%
CAT +0.7%, main market strength (mms)
CSX +5.5%, good earnings
EBAY +5.3%, as MS upgrade from 36s to $58
FCX +2.2%, with copper +1.8% to $3.13
GDX +0.5%, rising metals
GE +0.6%, speculative buying ahead of earnings
IBM -5.4% in the $152s, earnings were broadly fine
INTC +0.4% in the $53s, powerfully strong
LRCX -4.7% in the $202s, earnings were fine though
MRO +1.2%, higher oil
MS +2.5% in the $54s, further good earnings...
In particular, rev' was very significantly higher by 13.7% to $11.08bn, as the financials are doing better via higher rates and sustained higher market volatility.
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MU -1.0%, dragged lower by Lam Research
RIG +1.0%, with oil
SQ +1.0%, mms
TEVA +1.9%, baby bull flag possibly confirmed
TSLA +2.1%, broadly choppy
TVIX -0.3%, with VIX -1.3% at 15.05
TWTR +0.8% in the $32s, soft target 38/39s
UAL +3.2%, good earnings
VALE +2.1%
X +0.1%, still struggling relative to main market
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overnight markets
Most markets are leaning on the positive side, even China!
Japan: +1.4% at 22158
China: +0.8% at 3091
Germany: currently u/c at 12585
UK: currently +0.9% at 7289
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Have a good Wednesday